News, Education and Events Decoding Digital Payments & Fraud

News, Education and Events Decoding Digital Payments & Fraud

New Restaurant Payment App Leverages PayPal – Oct. 1, 2012

New Restaurant Payment App Leverages PayPal 

Oct. 1, 2012

Storific, a Paris, France-based mobile payments company, last week unveiled a new line-buster app that leverages a digital wallet powered by PayPal to enable restaurant customers to order and pay without waiting in line. To begin accepting payments via the app, restaurant owners register online and are charged PayPal’s normal processing fees . In addition to payment, Storific said the app is integrated with Facebook so users can browse menus and reviews and post their orders or their own reviews to their wall.

“The Storific offer is an example of an accomplished and successfully innovative experience,” said Frederic Biscay, head of mobile partnerships for PayPal France. “Consumers save some valuable time paying for their orders in just a few taps. Restaurants improve their sales and service while getting their funds in real time. Mobile has definitely changed our buying behaviors and, in that context, PayPal provides solutions that enable entrepreneurs to easily develop new business models.”

While headquartered in France, the company has implemented its system in several U.S. locations. Any restaurant, café, bar or club where customers wait in line to pick up their order can register for the service.

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Daniel Leibovitch